By Scott Cavanagh
Nothing quite spoils the event euphoria of a prize fight more than a draw. The same can be said for the results of last night's first presidential debate. We may have wanted the "Thrilla In Manilla," but what we got was more of tactical sparring session, with neither fighter scoring anything resembling a haymaker.
In fairness to the combatants, they did do more than spar, and there were plenty of signs that the rematch could be quite bloody.
Obama was clearly the more articulate and polished speaker, but he hardly dominated the affair and was shamefully vague (as was McCain) in his answers concerning the financial bailout.
While McCain was (not-surprisingly in my-book) stronger in the one-on-one exchanges than most pundits had predicted, he still spent much of his time hurling silly "gotcha" accusations at Obama regarding talking-point charges that he knows are baseless and silly. Obama did not vote to deauthorize funding for the troops in Iraq--he simply voted against one plan and for another. Obama never said that he would meet willy-nilly with foreign leaders; he simply stated that he would be willing to talk to anyone if the welfare of the United States was at stake. And yes the Surge was a tactic and not a strategy. The Surge is one tactic in Bush's overall war strategy. Maybe there is a reason McCain finished third from the bottom of his class at Navy.
When he stayed on substance and avoided lame attacks and old jokes (did you know he was not voted Miss Congeniality in the Senate?--guffaw, guffaw) McCain stood his ground well, although he seemed to lose his temper any time Obama made a sustained stand on something, and even interrupted him multiple times. Jim Lehrer seemed to be either unwilling to or uninterested in stopping it. In addition, McCain made a habit a smirking and laughing to himself during much of Obama's air time--something other candidates of both parties have really taken beatings for in the past.
Obama was respectful of McCain in return and that played well for the most part, but he did not take advantage of many opportunities that were virtually teed-up for him by his 72-year-old opponent. McCain's constant contention that any universal health care plan would take away patients' ability to make decisions with their doctors should have been countered with the fact that those decisions are now being made by insurance companies-- not doctors. He also could have really let McCain have it over his decrying a "wasteful" $3.9 million environmental research earmark on the very day the $25 million "Road to Nowhere" opened for business in Alaska.
Obama scored when pointing out the logical disconnect between McCain's concern over $18 billion in earmark spending and his apparent lack of concern over the $380 billion in additional corporate tax breaks he is currently proposing. I think Obama will also do himself a real favor by sticking to his guns and record on the Iraq War. He was against it from the beginning; he was right then and he is right now. To suddenly back down because we have managed to temporarily partition-off the warring parties with walls, tanks and bribes, does not make this trillion-dollar fiasco a success. If McCain wants to run on the Iraq War--let him.
Obama was solid as always, but I'm still not convinced he possesses anywhere near the public speaking/debate skills of either Clinton (William Jefferson) or Kennedy (John Fitzgerald). He is smart and measured, but he has yet to show me the ability to spin on a dime like Bubba and go from offense to defense effortlessly without losing his place and timing. McCain sees this and is trying to bully him. We need a knockout--like Clinton gave W's Daddy, Perot and Bob Dole. The next debate will not be about foreign policy. The K.O. will come then.
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Saturday, September 27, 2008
Round One to Obama... Barely
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Topics: barack obama, Debates, John McCain, Politics, presidential election
Tuesday, September 23, 2008
Ladies and Gents... the Paulson Administration
By Scott Cavanagh
I knew he could do it... knew it all along. Just when people were starting to write him off as finished--a lame duck with no more catastrophic plans or pathetic cronies left to unleash on the country and its citizens--George W. Bush has given us one more for the history books.
Now the administration that has provided us with so many memories--from the worst attack in our history, to the drowning of New Orleans, the acceptance of torture, the outing of a CIA agent, domestic spying, preemptive endless war and mind-boggling budget deficits --has managed to oversee the end of the modern American financial system.
But this is not just about events--it's about people--special people, like Dick Cheney and Karl Rove; Scooter Libby and Alberto Gonzalez; Harriet Miers and Mike "Way to go Brownie" Brown. These are people we were supposed to trust because George W. Bush told us to. Oops!
Now Bush and his cronies--the very people who have preached the gospel of unfettered, unregulated, greed-is-good capitalism for 30 years--want us to entrust one of them with the sole stewardship of $700 billion of our money--no questions asked.
That's right, only weeks after both Bush and his latest co-commander (remember the Petraeus Administration?)--Treasury Secretary Henry Paulson--deemed the fundamentals of our economy "strong" and our markets "flexible and resilient," the administration has decided that not only are we staring over the abyss of the next Great Depression--we need to immediately adopt their plan for recovery--with Paulson serving as our financial Il Duce in some quasi-socialist economic fiefdom--or else.
They have steered the old Ford directly into the ditch and now they want us to hand them the keys to the family Cadillac--because only they know the way out of this mess. In the immortal words of John McEnroe--they CANNOT be serious.
We all understand that the collapse of many of our oldest and most respected financial institutions requires swift and decisive action. However, the idea that a virtually sight-unseen plan, provided by the very people who got us into this mess--one that gives one man unlimited power with virtually no oversight--is the only answer, is not only stupid and short-sighted, it comes right out of the same tired "our way or the highway" play book that the incompetents in the Bush administration and their buddies on Capitol Hill have been utilizing for eight years.
These are the same guys that shoved the Patriot Act down our throats without even giving members of Congress time to read it. Remember Saddam Hussein? We had to go to war against him too. It was going to be easy, pay for itself with oil revenue and be over in months. That was five years, $556 Billion and 4,200 dead Americans ago. Remember how we had to privatize Social Security by letting people play the stock market? How's that idea sound right about now?
(Heck, John McCain suggested in 2004 that some of those Social Security benefits be invested in the sub-prime mortgage market. How's that for foresight?) Tax cuts for the wealthiest Americans in a time of war--why not? Taxing the rich equally would be socialism. Universal health care? Well, that would be socialism as well. Now they are all for socialism, although the form they are proposing sounds a bit more like fascism.
It appears there is nothing that can stop this bailout now--so all that is left is for the few non-eunuch Democrats with any fight in them to band together with the handful of actual fiscal conservatives that still exist, to fight for a few basic principles of common sense, oversight and fairness in this process. This could be their historic moment. Do this right and save their retirements and the Boomers may well build them a statue.
There can be no extravagant compensation packages for CEO's. If they don't like the reasonable compensation offered, FIRE THEM--with two weeks pay--like the rest of us. If we are going to lend these obviously bad credit risks billions of dollars, we need to charge them the same "high-risk" interest rates they would have slapped on us. Why in the world would we not want a return on our money--considering we are going to give it all right back to them to gamble away again anyway? There can be no bailout "Czar" with the powers proposed for Paulson and his successor at Treasury. A powerful Secretary--yes--another all-powerful, infallible Grand Poohbah--please, no.
Those concessions are not too much to ask in return for what is left of our national "cash flow."
Now the current president is calling on the two potential future presidents to call off their campaigns and tend to the business of getting on board the bailout express. They may end up having no choice in the matter, but I can't help but envision a time only a few months from now, when W will be sitting back choking on a pretzel in Crawford, while either John McCain or Barack Obama will see a lifetime of hard work and noble dedication destroyed by a an inherited Bush shitstorm that will turn one of these good men into the next Herbert Hoover.
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Topics: Bush, Economy, Financial Bailout, Paulson, Politics, Wall Street
Monday, September 8, 2008
Reviewing the Conventions...
By Scott Cavanagh
Summer walkabout has ended and the Bark is back. My thoughts on the political events of the past couple of weeks, starting with the Democratic Convention and ending with the Republicans:
The Democratic Convention:
Biden is the most qualified person in the country to be president. He has more political experience, life experience and ability to work effectively across the aisle than anyone else in the country and I thought his acceptance speech was excellent. Spending five years in a prison camp is hard to comprehend. Losing your young wife and daughter to a car wreck on Christmas Eve and being left to rebuild a shattered life and raise two sons on your own may be just as incomprehensible. I truly think this is a very special guy and always have. This was a great pick by Obama because it helped cover him on the experience question, and Joe is a team player that will never try to steal the spotlight from the candidate. Joe Biden has been in Washington for 30 years and is one of the three poorest Senators--that tells you all you need to know. He's not in it for the cash and never has been. That said, Obama would have been much better off with Hillary as far as winning the election is concerned. No way they lose together. I don't know if the logistics of such an arrangement could ever have been worked out though.
(Prior to reviewing this event, I have a TV caveat I must bring up. One of the moments I've been waiting for since it became obvious that either Hillary or Barack would win the nomination, was the state roll call of delegates. I know I sound like a real political geek, but I freakin' love the conventions and have been watching them faithfully since I was a kid. My favorite time is when each state rep. says some little corny line about his state like "The great state of Ohio, home of Johnny Wad Holmes, Traci Lords, Charles Keating and Maurice Clarett casts its ballots for the next President of the United States... Larry Flynt!" This year, with the first African-American nominee in history having his name announced, it would be incredibly exciting. So what did they do? They moved that part to the mid-afternoon and just told us about it that evening. That was a real bummer, I wanted to hear that actually happen--its tradition and its cool and its better than a civics class.)
There were so many highlights to the GOP convention; I don't know where to start.
Guns: A total bullshit wedge issue. Nobody is trying to take away anyone's right to own a gun. Nobody has ever proposed anything that would limit hunting weapons or any legal gun ownership. It's a fake issue.
The GOP has been bitching for years about career women that put their jobs ahead of their family and so forth. Now they have the nerve to say they have no problem with a mother of five with a special needs infant and a pregnant daughter running for President. The hypocrisy is amazing. Speaking of hypocrisy: John McCain supported Roe V. Wade -- not anymore. John McCain was against the Bush tax cuts-- now he wants to make them permanent. John McCain said Pat Robertson was an agent of intolerance -- now he kisses his ass.
For weeks, McCain and virtually every Republican I know have been pounding on Obama's lack of experience and substance--and it was getting some traction. His seemingly sincere concern that the nation might be placing itself in the hands of a man with good intentions but a lack of experience was understandable. The Palin nomination trumps all of that and makes him out to be a hypocrite again. Sure, he's soooo concerned about the experience and qualification level of a self-made guy who became the top student at Harvard Law School, a successful community organizer, a three-term state representative in the mean streets of Chicago and a United States Senator. However a beauty contest contestant from Obetz Alaska is just fine and dandy -- as long as she likes prayer in school and totes a gun. No matter that McCain is three years OLDER than Ronald Reagan was when he took office -- not to mention six years removed from a serious cancer operation that gives survivors an average life expectancy of eight years--McCain is fine with Sarah. Hopefully, it will prove to be his last political move of any
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Topics: barack obama, bill clinton, Democratic Convention, Hillary Clinton, John McCain, Politics, presidential election, Republican Convention
